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Why Match Group Stock Fell 9% This Week

·2 min read

Match Group's (NASDAQ: MTCH) investors lost ground to the market this week as shares fell 9% through Thursday trading even as the wider market rose 0.5%, according to data provided by S&P Global Market Intelligence. The decline added to a tough year for owners of the online dating service, whose stock is down nearly 50% so far in 2022. Match said on Tuesday that revenue grew 12% for the second quarter (19% after accounting for currency exchange rates).